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December 23, 2015 6:54 pm at 6:54 pm
#1118765
nishtdayngesheft
Participant
“Are they presenting themselves as a non-profit to get tax breaks? If so, then they should not operate at a profit. If not, then yes.
The Wolf”
That is not what being a not-for-profit means. Even a not-for-profit has to make money, or else they will go out of business. They will go bankrupt. There is no such thing as a true zero budget.
What Not-for-profit means is that it is not meant to inure benefits to any individual. And the purpose of the business is not for generating a profit, but rather to carry out it’s mission. But to remain in business they do have try to remain in the black.